iCrowdNewswire Jan 28, 2021 5:00 AM ET
Commercial Greenhouse Market size in 2019 is estimated to be $ 5396.7million, growing at a CAGR of 2.5% during the forecast period 2020-2025. Commercial greenhouses provide highly-controlled and stable environments for the cultivation of plants, such as flowers, vegetables, fruits, and transplants, typically for consumers. Commercial greenhouses are customizable greenhouse that feature different options and configurations and are designed to produce an ideal growing environment. Increasing demand for food production and low availability of arable land are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for commercial greenhouse during the forecast period 2020-2025.
Type – Segment Analysis
Based on the Type, Commercial Greenhouse Market is segmented into Glass Greenhouse, Plastic Greenhouse, Others. The glass greenhouse segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 1.5% during the forecast period 2020-2025. Glass is preferred for traditional glazing because of its permanence and beauty. Moreover, glass is one of the least efficient materials for retaining heat owing to its high heat transfer rate, as it allows the cold temperature to transfer easily and has poor insulating characteristics which are contributing to the growth of this segment.
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Crop Type – Segment Analysis
Based on the Crop Type, Commercial Greenhouse Market is segmented into Fruits & Vegetables, Flowers & Ornamental, Nursery Crops, Others. In 2019, fruits & vegetables held the largest share in the Commercial Greenhouse Market. This is mainly owing to increasing advantage of growing plants regardless of climatic condition and yearly demand for fruits and vegetables. Moreover, cultivation in greenhouses requires less labour and is aiding in the inclination towards the increasing adoption of greenhouses is also contributing to the growth of this segment.
Geography – Segment Analysis
Europe dominated the Commercial Greenhouse Market share accounting for 45% of the market in 2019. This is mainly owing to increasing growth in research and development activities and rapid growth in population. Europe is the first to implement advanced techniques in greenhouse particularly in countries such as Italy, Spain, and the Netherlands. In Europe, greenhouse cultivation is the most preferred form of cultivating crops owing to harsh climatic conditions.
However, the North America region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing disposable income and increasing growth in research and development activities.
Drivers – Commercial Greenhouse Market
Increasing Demand for Food Production
Rise in population leading to increase in demand for food production coupled with high yield generation as compared to traditional agriculture. Moreover, the rising government initiatives in order to increase greenhouse adoption which are increasing the market growth of commercial greenhouse.
Low Availability of Aerable Land
Rapid urbanization and low availability of arable land are some factors driving the growth of the market. Moreover, changing weather conditions during traditional farming have led to the adoption of commercial greenhouses contributing to the growth of Commercial Greenhouse Market.
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Challenges – Commercial Greenhouse Market
High set up costs and the lack of awareness concerning commercial greenhouses are challenging the growth of the market. Moreover, there are some issues regarding the improper management of the greenhouse facility by the farmers are further restraining its market growth during the forecast period 2020-2025.
Commercial Greenhouse Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Commercial Greenhouse Market. Commercial Greenhouse top 10 companies are Richel Group SA, Argus Control Systems Ltd., Certhon, Logiqs B.V., Lumigrow, Inc., Agra Tech, Inc., Rough Brothers, Inc., Nexus Corporation, Hort Americas, LLC, Heliospectra AB, DutchGreenhouses and Green Tek.
On 15 January 2019, Argus launches new Urban-Gro renew agreement to provide automate and plant-centric solutions for environmental control in the greenhouse to cannabis cultivars.
On 2 September 2020, Argus controls launches irrigation techniques and automation, including considerations that can be important and used for implementing automated irrigation by using irrigation solutions for controls systems for horticulture, including greenhouse control systems and indoor control systems.
In 2019, Europe dominates the Commercial Greenhouse Market owing to increasing growth in research and development activities and rapid growth in population.
Increasing demand for food production and low availability of arable land is driving the market growth of commercial greenhouse.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Commercial Greenhouse Market report.
High set up costs and the lack of awareness concerning commercial greenhouses are challenging the growth of the market.
Related Reports :
A. Greenhouse Irrigation System Market
B. Fruits And Vegetables Market
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